Maximum NRLC Loan Amount definition

Maximum NRLC Loan Amount means Six Million Two Hundred Thousand and NO/100 Dollars ($6,200,000.00).
Sample 1
Maximum NRLC Loan Amount means Six Million Five Hundred Thousand and NO/100 Dollars ($6,500,000.00)." The Non Revolving Line of Credit Promissory Note is hereby modified as follows:
Sample 1
Maximum NRLC Loan Amount means Six Million Five Hundred Thousand and NO/100 Dollars ($6,500,000.00), provided that the Maximum NRLC Loan Amount shall be increased to Seven Million Two Hundred Fifty Thousand and No/100 Dollars ($7,250,000.00) for the period beginning on December 30, 2008 and ending on February 15, 2009, and thereafter the Maximum NRLC Loan Amount shall be Six Million Five Hundred Thousand and NO/100 Dollars ($6,500,000.00).”
Sample 1

Examples of Maximum NRLC Loan Amount in a sentence

  • Subject to the terms and conditions set forth in this Credit Agreement, Bank agrees to make NRLC Advances to Borrower from time to time on or before the NRLC Maturity Date, provided that the outstanding amount of NRLC Advances from time to time shall not exceed the Maximum NRLC Loan Amount.

  • Borrower's delivery of the $3,000.00 fee to Lender in consideration for Lender increasing the Maximum NRLC Loan Amount.

  • Subject to the conditions herein set forth, and subject to the payment of a commitment fee in the amount of $31,000 (50 basis points), to the Lender by Borrower, Lender agrees to make the NRLC available to or for the benefit of Borrower, and Borrower may draw upon the NRLC, in the manner and upon the terms and conditions herein expressed, amounts that shall not exceed the Maximum NRLC Loan Amount.

  • There shall be due and payable from Borrower to Lender, and Borrower shall immediately repay to Lender, any amount by which the outstanding principal balance of the NRLC exceeds the Maximum NRLC Loan Amount.

Related to Maximum NRLC Loan Amount

  • Maximum Loan Amount has the meaning set forth in Section 2.1(a).

  • Maximum Revolving Loan Amount means, as of any date of determination, the lesser of (a) the Revolving Loan Commitment(s) of all Lenders minus the Letter of Credit Reserve and (b) the Borrowing Base minus the Letter of Credit Reserve.

  • Maximum Term Loan Amount means Two Hundred Million and No/100 Dollars ($200,000,000).

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.

  • Maximum Advance Amount shall not exceed Five Hundred Thousand Dollars ($500,000) or two hundred (200%) percent of the average daily volume based on the trailing ten (10) days preceding the Drawdown Notice date whichever is of a larger value.

  • Maximum Revolving Advance Amount means $25,000,000.

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Maximum Credit Amount means, as to each Lender, the amount set forth opposite such Lender’s name on Annex I under the caption “Maximum Credit Amounts”, as the same may be (a) reduced or terminated from time to time in connection with a reduction or termination of the Aggregate Maximum Credit Amounts pursuant to Section 2.06(b) or (b) modified from time to time pursuant to any assignment permitted by Section 12.04(b).

  • Total loan amount means the principal of a loan minus those points and fees that are included in the principal amount of the loan. For open-end loans, the total loan amount must be calculated using the total line of credit allowed under the residential mortgage loan at closing. [PL 2011, c. 427, Pt. A, §15 (NEW).]

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Maximum Swingline Amount means $5,000,000.

  • Maximum Revolving Amount means $10,000,000.

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances Outstanding.

  • Maximum Revolving Credit Amount means $85,000,000.00.

  • Maximum Undrawn Amount means with respect to any outstanding Letter of Credit, the amount of such Letter of Credit that is or may become available to be drawn, including all automatic increases provided for in such Letter of Credit, whether or not any such automatic increase has become effective.

  • Maximum Commitment Amount means Five Million Dollars ($5,000,000).

  • Commitment Amount means the aggregate amount of up to Ten Million Dollars ($10,000,000) which the Investor has agreed to provide to the Company in order to purchase the Company's Common Stock pursuant to the terms and conditions of this Agreement.

  • Maximum Revolver Amount means $25,000,000.

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • Maximum Credit means the amount of $25,000,000.

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

  • Maximum Loan Rate With respect to each Mortgage Loan, the percentage set forth in the related Mortgage Note as the maximum Loan Rate thereunder.

  • Maximum Face Amount means, with respect to any outstanding Letter of Credit, the face amount of such Letter of Credit including all automatic increases provided for in such Letter of Credit, whether or not any such automatic increase has become effective.

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Loan Limit means, at any time, the lesser of (a) the Total Commitment at such time and (b) the Borrowing Base at such time (including as it may be reduced pursuant to Section 2.14(h)).